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Today this undervalued stock cheonged a bit. Still got more room to cheong and break the previous high of 0.305
Swissco Holdings Limited has diversified its business model to move higher up the value chain and into the oil rig sector. The company has, through its wholly-owned subsidiary Seawell Drilling Pte Ltd, incorporated a special purpose vehicle (SPV) with two partners, predominantly to enter into engineering, procurement and construction (EPC) contracts for oil rigs. Swissco will hold a 46.5 per cent stake in the SPV, Rockwood Asset Holdings Limited its partners Golden Arch Worldwide Offshore Ltd and Pulau Investments Limited will hold a 45.3 per cent and 8.2 per cent stake respectively. Swissco will fund its US$8.2 million investment in Rockwood through a loan from Golden Arch, which is payable upon delivery of its first oil rig through the issuance of 35.57 million Swissco shares at 28.35 cents apiece. The conversion shares are equivalent to 8.22 per cent of the existing shares of the group and 7.59 per cent of the enlarged issued share capital. (Closing price: S$0.265, +1.923%)
wah...anyone vested to this counter? Why after acquire become lousy like now?
do you vested? or still hold?
susan66 ( Date: 13-Aug-2010 00:12) Posted:
I think can take note, supporting quite well at 0.435 these few days even when market pull back. Quite healthy chart as volume decreases during pull back, going to break 0.465 anytime. If able to break 0.475, will be explosive, reach historical high.  |
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I think can take note, supporting quite well at 0.435 these few days even when market pull back. Quite healthy chart as volume decreases during pull back, going to break 0.465 anytime. If able to break 0.475, will be explosive, reach historical high.
anyone cover this stock?? seems holding strong for these few days sell down. any news??
Well, they are going to merge with Swissco soon. So, future prospect looks good. Set this stock for long term and you'll got nothing to lose. Long term as in 1 year minimum.
laozhi ( Date: 30-Apr-2010 16:12) Posted:
Feel like buying this counter. Anybody can give any comment ...?
Thanks, |
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Feel like buying this counter. Anybody can give any comment ...?
Thanks,
buyers accumulating at price of 0.465 today .... huge vol at this trading px
ya agree, the breakout of 0.45 happened, more to come ...
vested
Yes, I agree, just vested, may explode next week, sideways for quite long, this time really breakup with volume. Cheers!
Chart pattern suggests a breakout for C2O is near, maybe next week ... don't lose hope.
http://stockprospectus.blogspot.com/2010/04/prospectus-pick-technical-charts.html
I give up on this counter liao. good luck to all vested =)
breakout point is at 0.45, further will go up to 0.52 ....
vol is good, keep pushing, accumulate at 0.455 now .... go go go
Now really lai liao !
definitely!!!
knightrider ( Date: 10-Mar-2010 10:26) Posted:
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Hope so !
Lai liao
